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QUESTION 10 Which of the following would make real GDP increase? Long-run aggregate supply shifts right. Long-run aggregate supply shifts left. Aggregate demand shifts right.
QUESTION 10 Which of the following would make real GDP increase? Long-run aggregate supply shifts right. Long-run aggregate supply shifts left. Aggregate demand shifts right. Aggregate demand shifts left. QUESTION 11 Suppose a stock market boom makes people feel wealthier. The increase in wealth would cause people to increase consumption, which shifts the aggregate demand curve right. @ increase consumption, which shifts the aggregate demand curve left. decrease consumption, which shifts the aggregate demand curve right. decrease consumption, which shifts the aggregate demand curve left. QUESTION 12 The sticky wage theory of the short-run aggregate supply curve says that when prices fall unexpectedly, the real wage rises, so employment rises. rises, so employment falls. @ falls, so employment rises. falls, so employment falls
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